Funny》Bitcoin “has been declared dead” 415 times! If you buy 100 magnesium each time, you can make 100 million so far

As Bit coin is about to break through $100,000, the cryptocurrency market is gradually becoming more active, and this atmosphere is also affecting traditional finance, with many institutions and companies starting to hoard Bit coin, hoarding this emerging asset that they previously thought was about to decline. Bit coin has been declared dead 415 times Against this background, according to a report by Cointelegraph, over the past 14 years, Bit coin has been repeatedly declared "dead" by the mainstream media, and according to the website bitcoindeaths, the media has issued "Bit coin death declarations" 415 times. The first article announcing the death of Bit coin was published in October 2010, when the price of Bit coin was only $0.11. According to bitcoindeaths, if $100 had been invested each time Bit coin was considered dead, that capital would now be worth approximately $101 million. In other words, an investment of $415,000 would have yielded a return of about 242 times. Analyst: Bit coin will exceed $132,000 in this cycle On the other hand, although Bit coin failed to break through the $100,000 mark on the 22nd, many analysts predict that Bit coin may break through the six-digit mark in the coming months. However, although the long-term outlook is generally optimistic, there are still variables in achieving this goal in the short term. Szymon Sypniewicz, co-founder and CEO of Ramp Network, said: "While it is almost certain that Bit coin will reach $110,000, it may experience some volatility in the short term. It is uncertain whether this target will be reached by the end of 2024." In addition, Jamie Coutts, chief crypto analyst at Real Vision, pointed out that due to the impact of liquidity demand, the Federal Reserve is expected to increase the global money supply (M2) to over $127 trillion by 2025, an 18% increase from the current $107 trillion. This additional $20 trillion in liquidity could be a key driver of Bit coin prices, attracting an additional $2 trillion in investment. Jamie Coutts also said that the continuously growing money supply could push Bit coin to a price peak of over $132,000 in this cycle.